October 2024 is an important time for businesses to perform many important accounting and human resources obligations related to taxes, insurance and labor. Below is a list of tasks that businesses need to pay attention to this month:
1. Provisional payment of corporate income tax for the third quarter of 2024
– Businesses self-determine the amount of corporate income tax provisionally paid based on the financial statements or business results of the quarter. At the same time, businesses also need to allocate this tax amount to localities where there are dependent units or where there are real estate transfers other than where the business is headquartered.
– Basis for determining the amount of provisional tax:
- Based on the quarterly financial statements and tax regulations that businesses provisionally pay each quarter.
- Based on business results and legal regulations to determine the amount of corporate income tax to be temporarily paid quarterly for enterprises not required to prepare quarterly financial statements.
– Notes on the amount of tax to be temporarily paid: The total amount of tax to be temporarily paid for 04 quarters must reach at least 80% of the annual final tax amount, otherwise the enterprise will have to pay late payment fees.
– Tax payment deadline: No later than October 30, 2024.
2. Declare and pay personal income tax for September 2024 and Quarter III/2024
– In case of monthly tax declaration: Enterprises must pay personal income tax if there is a tax deduction in September. The deadline is October 20, 2024.
– In case of quarterly tax declaration: Enterprises that have personal income tax deductions in Quarter III must declare and pay before October 31, 2024.
3. Declare and pay personal income tax for September 2024 and the third quarter of 2024
– Enterprises declaring tax monthly must pay VAT for September no later than October 20, 2024.
– Enterprises declaring tax quarterly must pay VAT for the third quarter no later than October 31, 2024.
4. Withdrawal of social insurance, health insurance, and unemployment insurance premiums for October 2024
– Enterprises must deduct and pay social insurance, health insurance, and unemployment insurance premiums for employees no later than October 31, 2024.
– Payment method:
- Pay all social insurance, health insurance, and unemployment insurance premiums into the specialized collection account of the social insurance agency at the bank or the State Treasury.
- Pay social insurance and deduct salary of each employee at the prescribed rate to pay at the same time to the Social Insurance Fund.
5. Pay union fee for October 2024
– Payment deadline: At the same time as social insurance, deadline is October 30, 2024.
– Payment level: Equal to 2% of salary fund used as basis for compulsory social insurance payment.
6. Notify labor fluctuations (if any)
– If there is a change in the number of employees in September 2024, the enterprise must notify the employment service center of the labor fluctuations before October 3, 2024.
Enterprises need to perform these tasks on time to avoid late payment penalties and ensure compliance with the law.
